Nevis raises $70M Series B led by EQT Ventures, valued at $500M, a source says
Nevis, a 70‑person startup founded by former Revolut executives, announced it had raised $70 million in a Series B round led by EQT Ventures. The funding brings the company’s valuation to $500 million, according to a source who requested anonymity. The round also added investors QuantumLight, Charles Schwab Corp., Sequoia Capital, Iconiq and Ribbit Capital, and will see EQT partner Carolina…
Key points
- $70 million Series B led by EQT Ventures values Nevis at $500 million.
- Nevis’s AI platform grew assets from $50 billion to $700 billion, adding ~$75 billion monthly.
- The company serves ~20 advisors, including Focus Financial Partners, IEQ Capital and United Capital.
Nevis builds AI agents that automate paperwork and routine tasks for financial advisors, freeing up time for client work. The company says its platform has helped advisory firms grow assets under management from $50 billion to $700 billion, adding roughly $75 billion each month.
Nevis’s CEO Mark Swan says the platform replaces the seven outdated systems many advisors use, allowing them to focus on higher‑value client interactions.
Nevis, which uses AI to automate paperwork for financial advisors, raised a $70M Series B led by EQT Ventures, a source says at a $500M valuation
fortune.com · 26 October 2026
Loading the full article…
This text was published by fortune.com and written by Camila Grigera Naón. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
Coverage and discussion
2sources- Nevis Lands $70M Series B to Build Out AI Agents for Financial AdvisorsPress · Unite.AI ·
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- SpaceX signs roughly $40B equipment lease with Apollo · 7 src
- Anthropic files for US stock listing at over $1.5 trillion valuation · 12 src
- Anthropic to file S-1 for potential $2 trillion IPO · 6 src
- Microsoft offers buyouts to ~60K workers in US, Canada, India, UK · 1 src
- Meta plans to raise $95B for AI expansion, backed by Nvidia, AMD, Broadcom · 7 src
Comments
via GitHub Discussions